Bitcoin Technical Analysis : BTC/USD 4 February 2022

4 February 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 4 February 2022

Bitcoin Technical Analysis : BTCUSD

Date : 4 February 2022

Pivot point : 36730

Our preference : the upside prevails as long as 36730 is support.

Alternative scenario : below 36730, expect 35610 and 34950.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 37154 and 36926).

Supports and resistances :

40270 **
39610 *
38950
37616 – Last price
36730
35610 *
34950 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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